734 JOURNAL OF PROCEEDINGS [Mar. 21,

Mount Clare station, which will be the largest and most per-
fect establishments of the kind in this country.

6. A very large amount of new equipment for the road,
being cars, engines, &c.

7. New buildings at Grafton, Wheeling, Parkersburg and
other points.

8. Arching tunnels on the Parkersburg branch.

9. Preparations for two bridges over the Ohio river.

10. 'The cut-off in the vicinity of Baltimore, by which the
distance between Baltimore and Washington and the West
will be reduced about 1 1/2 miles.

11. New equipment for the Central Ohio Railroad, with a
view to attract an increase of the trade of the West to Balti-
more.

12. Improvement and equipment of the Winchester and
Potomac Railroad, to attract the trade of the great valley of
Virginia.

13. Large assistance in the construction of the Washing-
ton County Railroad from the main stem at Weaverton to
Hagerstown, a distance of 23 miles.

14. The Metropolitan Railroad from the Point of Rocks
to Washington, estimated to cost over $3,000,000.

15. The Pittsburg and Connellsville Railroad, a great
work which is expected to pour an immense traffic over the
Raltimore and Ohio Railroad into Baltimore.

16. A line of steamships between Baltimore and Liver-
pool, which is in full operation. •

17. A line of steamships between Baltimore and Charles-
town, also in full operation.

18. A line of steamships between Baltimore and Bremen,
for which contracts have been closed.

These examples may serve to show "to what purposes" in
general, any "surplus fund" in "the hands of the company
not distributed," is ''being or designed to be applied."

A large proportion of what might otherwise have been
treated as. a "surplus fund," has been employed in construct-
ing that important branch which, by striking the Ohio River
two hundred miles below Pittsburg, has secured to Balti-
more, as well as to our road, a decided advantage over all
Northern competitors for the trade of a vast, populous and
flourishing region. Other portions have been and are being
liberally expended in enlarging and perfecting the accommo-
dations which our existing works and connections offer to
the public; and others in the promotion of enterprises which
promise remuneration to the company through magnificient
additions to the commerce and wealth of our chief city and of